Nasdaq Plans to Add Crypto Data Sets to Their Analytical Tools in the Future

One of the stock market giants, Nasdaq, is planning to include cryptocurrency datasets into their market analytics tool, according to a report by Cointelegraph.

On the website, Bill Dague, Nasdaq Head of Alternative Data, was quoted saying: “given [an] abundance of interest, we are exploring cryptocurrency related datasets. Whether or not we launch a crypto-related product remains to be seen.”

The plan to integrate crypto data sets into the data analytics of hub of Nasdaq which was introduced in 2017 aims to develop unstructured data to become more intelligible for investors.

Nasdaq’s plan came after a closed-door meeting with a group of representatives from the traditional finance sector and the crypto industry which includes Gemini crypto exchange.  In a report released by Bloomberg on July 27, the event took place in Chicago where one of the topics discussed is the importance of future regulations for cryptos and the necessary tools.

In April of this year, Adena Friedman, Nasdaq CEO said that the exchange would probably support crypto trade soon once the market matures and becomes transparent on its regulations.